Mastt joined Launch Pad's 2020 cohort as an aspiring startup
Mastt offers real-time visibility and transparency across projects to drive increased levels of efficiency and support decision-making through project management tools for individuals or project teams across capital project reporting, finances and risks.
Mastt participated in the 2020 Landcom and Launch Pad Urban Futures PropTech Accelerator receiving mentoring and guidance to refine their value proposition and evolve their cloud-based platform technology with connections made to Western Growth, School of Engineering and School of Built Environment.
“The Urban Futures Program provided invaluable support and advice to our company at a pivotal time. Thank you to the whole team for their efforts and assistance in putting Mastt on a pathway to greater success.” – Doug Vincent, MD and Co-founder of Mastt, shared.
Mastt's journey after the Accelerator experience
Mastt has grown significantly since joining the Launch Pad Accelerator Program in 2020. Mastt have raised $2.2m in a funding round led by Artesian and Significant Capital Ventures, Investible, and Aconex founders Rob Phillpot and Leigh Jasper. The funding plays a pivotal role in Mastt’s preparation for global expansion.
“From only a few team members we now have over 40 staff and this has been instrumental to winning major capital works clients such as Sydney Metro Airports, the owner of western Sydney’s Bankstown Airport. We have also begun hiring international staff and expanding into the US, the Middle East and the UK. As of today, Mastt has been used to manage $20bn+ in project value, on more than 300 projects, and it has facilitated nearly $1 billion in payments.”
The Landcom Urban Futures Accelerator is a 6-month, industry specific program designed to support startups and SMEs to fast-track product development and commercialisation opportunities. Program participants were given access to range of Landcom’s industry specialists and WSU Launch Pad mentors and commercialisation experts to support them in ideation, planning, validation, product development, operations and launching into the market.
Delivered in partnership with Landcom from March to August 2020, the Urban Futures Accelerator sought to seed and grow innovation within the property development sector to support enhanced urban living and industry modernisation. The program also supported Landcom’s strategic priorities and the University’s goals for the Western Growth initiative. A total of 11 PropTech startups were accelerated, working in areas such as platform technology, visualisation, and sustainable focused products and services.